Alumina First-Half Profit Jumps 53% on Higher Demand, Prices

2011-08-12 03:33:00

Quote: Alumina owns 40 percent of the Alcoa World Alumina &
Chemical venture and Alcoa, the largest U.S. aluminum producer,
the balance. The venture produces one quarter of the worldâ€™s
alumina, which is refined into aluminum.
Alcoa World â€œhas successfully based all new contracts
entered into in the second half of 2010 on the alumina price
indicesâ€ and â€œthese contracts are for delivery in 2011 and
beyond,â€ Alumina said. Its realized prices climbed 28 percent
from the first half of 2010, the company said.
soraya@bloomberg.netTim Smithtsmith58@bloomberg.net
ahobbs4@bloomberg.netrkeenan5@bloomberg.net ...Open whole article (external link)

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